Press Releases

NexTrade to Release New Pro-Trade™ System for Hedge Funds in Second Quarter

Clearwater, FL (February 22, 2000)

NexTrade Holdings, Inc., the parent company of NexTrade, Inc., one of nine SEC-approved Electronic Communications Networks (ECNs), today announced that it will release a new and improved version of the Pro-TradeTM System for hedge fund trading. The Internet-downloadable platform will allow hedge fund managers to control their trading activity. Pro-TradeTM features Level II quotes, a reserve order book, real-time portfolio, and access to the NexTrade ECN.

"Pro-Trade will offer hedge fund managers a cost effective way of handling their order flow, as well as giving them better control over order flow destinations, and it will improve order execution" said John Schaible, President of NexTrade Holdings, Inc. "This version of Pro-Trade will also benefit from the new, more robust NexTrade back-end processing system which was designed to handle high volume transactions."

Hedge fund managers will be able to download a Pro-TradeTM demonstration from NexTrade's website at, or they can contact NexTrade's Sales Department.

NexTrade Holdings, Inc., based in Clearwater, Florida, is a financial services and Internet technology firm committed to building the world's finest trading systems. NexTrade Holdings developed Pro-Trade™ as a tool for retail broker-dealer subscribers to the NexTrade Electronic Communications Network. In 1999, NexTrade Holdings developed the world's first internet-based spot foreign currency trading platform for Matchbook FX, L.L.C. NexTrade Holdings recently applied with the SEC to operate a fully electronic for-profit securities exchange.

NexTrade, Inc. is an SEC-approved Electronic Communications Network, and was the first ECN to offer global 24-hour trading through participating broker/dealers. The NexTrade ECN serves a variety of financial institutions including market makers, mutual funds, hedge funds, buy-side firms, on-line broker/dealers and traditional brokerage firms. NexTrade, Inc., is a wholly owned subsidiary of NexTrade Holdings, Inc.

Contact: Arlana Guckenberger

Founding Member of
MatchbookFX LLC